Drop-In: The EU’s looming carbon border tax – what it means for growth, trade and competitiveness

The EU’s Carbon Border Adjustment Mechanism (CBAM) is coming. Set to begin in 2026, it will require EU importers to pay for the carbon emitted in the production of goods they bring into the bloc – effectively extending the ‘polluter pays’ principle to imports. But what will it mean for trading economies, and for European industrial competitiveness more broadly? 

Join our economists from our Climate & Commodities team on Thursday 16th October at 1000 ET/1500 BST for this special briefing on CBAM and its implications for the EU economy, exporters into the EU, and climate policy in general. In this short online session, the team will answer your questions as they address a broad range of issues related to this critical regulatory shift, including:

• The macroeconomic impact of CBAM on output, inflation, and trade flows;
• Which countries stand to win and lose the most from the policy;
• How growing tensions between climate goals, economic resilience and geopolitics could shape future policy.